STOCK MARKET TODAY: 22ND MAY 2012

May 22, 2012 2:43 AM ET

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NIFTY SPOT LEVEL: 22ND MAY 2012

Today trading is expected between the broad levels of 4860-4955. If the market breaches the level of 4925 on the upper side then the next resistance level will be 4955. But if nifty breaches the support level of 4880 then it may go down till the level of 4860.

SUPPORT LEVELS

Support 1: 4880

Support 2: 4860

RESISTANCE LEVELS

Resistance 1: 4925

Resistance 2: 4955

BANK NIFTY FUTURES: 22ND MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9220-9575. Bank nifty futures can go down till the level of 9220 once it breaks the level of 9315. On the opposite side once breaking the level of 9500, it is expected to go upward till the level of 9575. Bank nifty will be trading between the narrow ranges of 9315-9500.

SUPPORT LEVELS

Support 1: 9315

Support 2: 9220

RESISTANCE LEVELS

Resistance 1: 9500

Resistance 2: 9575

STOCK MARKET ANALYSIS: 21ST MAY 2012

The SENSEX closed 30 points up at 16,183 and the NIFTY stood at 4906, up by 15 points.

BSE Small-Cap index was up 0.99% while the BSE Mid-Cap index finished 0.41% up.CNX MIDCAP 50 index was up 0.52% and S&P CNX 500 was up around 0.40%.

Nifty Gainers

Today's nifty top gainer were

TATAPOWER changed 4.73% with 30, 84,833 volumes.
BANKBARODA changed 3.92% with 8, 14,781 volumes.
RELINFRA changed 3.37% with 22, 96,422 volumes.

Nifty Losers

Today's nifty top losers were:

WIPRO with volume 10, 75,410 and changed -2.62%.
ITC with volume 5, 97,095 and changed -2.09%.
INFY with volume 9, 14,515 and changed -1.50%

STOCK MARKET TRADING TIPS : 22ND MAY 2012

BUY SHALIMAR PAINT ABOVE 582

First Target 586

Second Target 595

Stop Loss 575

BUY ASIAN PAINT FUTURES ABOVE 3786

First Target 3800

Second Target 3820

Stop Loss 3766

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